Director Dealing - 04 March 2004

Dealing In Securities By Directors

Mtn Group Limited - Dealing In Securities By Directors Release Date: 04/03/2004 16:56:00 Code(s): MTN MTN GROUP LIMITED - DEALING IN SECURITIES BY DIRECTORS MTN GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN ZAE000042164 DEALING IN SECURITIES BY DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Securities Exchange South Africa, the following information is disclosed: Name of Director :RD Nisbet Date of Transaction :March 2004 Sale Price (per share) :R32.16 Amount of Shares :500 000 Class of Security :Ordinary shares of 0.01 cents each Nature of Transaction :Sale of shares arising from director"s private shareholding Nature of Interest :Beneficial Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange South Africa Listings Requirements has been obtained. 4 March 2004 Sandton Sponsor Merrill Lynch South Africa (Pty) Limited